Welcome to the website of the IFRS Foundation and the IASB

Friday 31 October 2014

Banner graphic

IFRS for SMEs

SME Implementation Group


 SME Implementation Group


 

The mission of the SME Implementation Group is to support the international adoption of the IFRS for SMEs and monitor its implementation.

 

The SMEIG has two main responsibilities:

  1. Consider implementation questions raised by users of the IFRS for SMEs, decide which ones merit published implementation guidance, reach a consensus on what that guidance should be, develop proposed guidance in the form of questions and answers (Q&As) that would be made publicly available to interested parties on a timely basis, and request the IASB to approve the Q&As for issue. The Q&As are intended to be non-mandatory guidance that will help those who use the IFRS for SMEs to think about specific accounting questions.
  2. Consider, and make recommendations to the IASB on the need to amend the IFRS:
    (i) for implementation issues that cannot be addressed by Q&As, and
    (ii) for new and amended IFRSs that have been adopted since the IFRS for SMEs was issued or last amended.

Related information

Q&As

  • The SME Implementation Group (SMEIG) regularly considers implementation questions raised by users of the IFRS for SMEs. This guidance is published in the form of Questions and Answers (Q&As) that are made publicly available to interested parties on a timely basis.

Contact us

Darrel Scott
Board Member, Chairman of the SME Implementation Group
dscott@ifrs.org

 

Michelle Fisher
Senior Technical Manager, IFRS for SMEs
mfisher@ifrs.org